Section 307 of the Companies Act, 2013
Section 307 of the Companies Act, 2013 deals with the penalty for furnishing false information or false evidence in any proceeding under the Act.
✅ Section 307 – Penalty for False Evidence or False Information
Key Provisions:
Who is Covered:
Any person who gives false evidence or makes false statements or furnishes false information in any proceeding under the Companies Act, including:
Investigations,
Inquiries,
Audits,
Proceedings before any authority or court.
Penalty:
Such person shall be liable to imprisonment for a term which may extend to 6 months, or
Fine which may extend to ₹1 lakh, or
Both.
Purpose:
To ensure truthful and honest disclosures during investigations or legal proceedings under the Companies Act.
⚠️ Example:
If a director knowingly submits forged documents or false information during an investigation by the Registrar of Companies, they can be punished under Section 307.
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